ACI
3I0-012 · Question #75
Which of the following statements is true concerning dealing and rollovers at non-current rates?
The correct answer is A. When setting the rates for an FX swap to extend the maturity, the spot rate should be fixed immediately. See the full explanation below for the reasoning.
Question
Which of the following statements is true concerning dealing and rollovers at non-current rates?
Options
- AWhen setting the rates for an FX swap to extend the maturity, the spot rate should be fixed immediately
- BWhere the use of non-current rates may be necessary, they should only be entered into with the prior
- CDealing and rollovers at non-current rates are relatively common market practice and therefore should
- DDealing and rollovers at non-current rates are forbidden as they can help perpetrate fraud and tax evasion
How the community answered
(15 responses)- A80% (12)
- B7% (1)
- C7% (1)
- D7% (1)
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